Record e-Filed Returns and Filing An Extension «

The Internal Revenue Service reports that taxpayers set a record over the weekend for e-filed tax returns. By early Monday morning, the IRS had received nearly 101 million e-filed returns, which is nearly a 9% percent increase from last year. This weekend’s e-file activity was greater than the number filed for all of calendar year 2010, when 98.7 million tax returns were e-filed.

If you haven’t started on your taxes yet, you can file for an extension right now online or with your desktop tax software and the IRS will acknowledge receipt of the extension request. An extension gives you six more months to file your return, but doesn’t buy you time to pay taxes. Be prepared to submit a payment along with your extension application.